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<br /> ag�plicable�tno�t sc,�t forih in ExhIbit C attn.che�hereto and made part Iaor�of. TEie R�ai�arid L_
<br /> Itemediation Reserve shs�ll not,unless otherwise explicitly required by a��l'acuble 1aw,be or h� -
<br /> deemed to fae escrow or tr�at fi�nds,but�t Beneficiary's opdo�and in Beneficiary's discretion,
<br /> may either be hsld in a eeparate account or be comcraingDed by Beneficit�ry with the g�e�a� �'unds � -
<br /> of BeneHeiary. No anterest on the funda contained in the�tepair and Remediation Ites�rve shall
<br /> be paid by BeneScis3rry to Trustor. The R�pair and Remediarion Reserve is solely for the
<br /> pmtection of Berae�iciar�r and Euta�ls na responsibili�y on Beneficiary's part beyond the payment .
<br /> of the costs and expenses described in this paxagraph in accordance with the terms hereof aAd
<br /> heyond the allovving of due credit for the swns actuaUy�eceived. In the e�►ent that the a��ounts ...
<br /> fln deposie or available in the Itepair and Remediadon Reserve are inadequate to pay the costs of
<br /> the Defen�ed Maintenance,Trustor shaU pay the amount of such deficiency. Ugon assignment of
<br /> this De�d of'IYast by Beneficiary, any funds in the RePair and Remediation Reserve ahall be
<br /> turmed over to the assignee and any responsibilih+of Beneficiary, as assi$RCOr, with respeet
<br /> theieta shall ternninate. If there is a default under this Dee�i of T:ust wluch is not cured wltbin
<br /> anY agp�icable grace or cure period,BeneScisry may,but shall not t�obligate�i Qo,a�;�ly at any .
<br /> 4un�the balanc�then remaining in the Repair and I�emediation Reserve agains�the indebtedness
<br /> secuced hereby in�hatever order Beneficiary shall subjectively detenninv. Na such applica6on.
<br /> of the I�air and Remediation Resen+e shall be deemed to cure any de4'ault hereunder. Tnistor
<br /> hea+e8y g�nts 4o Beneffciary a pawer-0f-attomey�coupled with an interest,to cause the I�fem:d
<br /> M�intenance to be completed, gerfonned, remediated and corrected to the satisfaction of
<br /> Benef�Ciary upon Trustor's failure to do so in acco�ce with the terms and conditions of ti�is
<br /> Deed of Ttust,and to apply the amounis�m d�posit in the Repair and Remediatioa Iteserve to tha
<br /> cos�s as�ociated thez+ewith,all as B�nefiantiry may detertn�ine in ita sole and absolut�disaretion .
<br /> ��±�:��r nl�l'Qatiann to do.so. Upon th�eatlier to¢�cur of full pa�rcnent of the indebtedness
<br /> s��ued h�reby in a�cordAnca with fits terias,the completion o£the Deferred Maintenance to the
<br /> satisfaction of tlne�neficiary or ai such earlier time as Beneficiary may elect,the balance of the
<br /> ltepair and Remedb�i��m Reserve then ia Beaeficia�ry's possessian�3iaU be paid over to Tav.stor
<br /> � � andno othcrparty s��11 have any+rigbt ar c��iim thereto.
<br /> ARTICLE II
<br /> EYENTS�F DEFA��iJLT
<br /> > 2.1 Eveats of Default The 4ecurrence of any of the following events(each,an"Ev�mt
<br /> of Default'�sh�U b�,an,Event of Default 8ereunder:
<br /> ,:_," (aji,;;�'s�stor fails to pwcctually perfQSm any cov���,;�agreement,ob�igatio�term
<br /> �:;'�:
<br /> or condition under the Note,this Deed of Trust or any oth�r Loan Docut�cnt wbi.ch�uires
<br /> pay�nent of any money w Beaeficiary at the wne or within any�plicable�u�a period set fartb
<br /> therei�a or herein,or if no time or grace period is set fosth,then wlthin seti►ea��1 ctaY3 of the date
<br /> such payment is cla.?�'�nr follo�ving demand if t��re is no du�e date.
<br /> �{b�`3`rustor fails to provide inssuance a5 requir�d.by S ti n .41�ereof or fails ta
<br /> peifoaili��iy co�qant,a8reeme�rt, obligation,teim or conditi4�set foith in Sections 1��1.15.
<br /> ;j;31. 1.33 or 1.35�fi�reof.
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